THR reports that after the box office failure of 'John Carter,' Disney began to re-evaluate some of its bigger projects, including 'Order of the Seven.' The project had been in various stages of development over the last decade, with production set to begin in London over the summer. Unfortunately, due to cost and fears of repeat failure, Disney axed the project.

It may have been Snow White overkill, but the project was intriguing in theory. With a script polished by Mark Fergus and Hawk Ostby ('Iron Man 2') and the on-screen presence of rising star Saoirse Ronan, the film was to be Michael Gracey's directorial debut. There's no report as to the actual proposed budget of 'Order of the Seven,' but a large budget paired with a first-time director may be too risky for the studio after a $200 million write-off for 'John Carter.' On top of which, the most recent tracking on 'Huntsman' suggests it won't be as huge a blockbuster as Universal hoped.

And even more problematic: Disney CEO Bob Iger still hasn't named a replacement for studio head Rich Ross. 'Order of the Seven' was one of Ross' many projects, implying yet another reason why this film was canned.